Stock index futures declined on both sides of the Atlantic Tuesday morning, with risk sentiment depressed by bad news. Earnings from some major firms disappointed and the continuing debt crisis in Ireland stirred up fears about the stability of the European Union and the common currency.
While production rose more than expected in the U.S. in October, the core producer price index declined 0.6 percent. The total producer price index, which includes the cost of food and energy, rose 0.4 percent.
Trends towards inflation are split – while commodities and commodity futures are definitely rising, partially as a result of the Federal Reserve's quantitative easing programs, companies have often found themselves forced to cut prices in order to continue attracting customers.
After a rough start to the week, U.S. stock index futures looked set for another decline. Dow Jones Industrial Average index futures slipped 59 points to 11,114, while S&P 500 index futures dropped 6.5 points to 1,189.3 at 9:10 a.m. EST.
Nasdaq 100 index futures lost 15 points to 2,113. On the other side of the pond, FTSE 100 index futures declined 75 points to 5,732 and DJ Euro Stoxx 50 index futures slid 28 points to 2,818.
Bucking the trend, Nikkei 225 index futures rose 10 points to 9,790.
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